Sec. 1401. Definitions
488 words·~2 min read·
/bill/113/hr/1947/ih/section-1401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this part: The term actual dairy producer margin means the difference between the all-milk price and the average feed cost, as calculated under section 1402. The term all-milk price means the average price received, per hundredweight of milk, by dairy producers for all milk sold to plants and dealers in the United States, as determined by the Secretary. The term annual production history means the production history determined for a participating dairy producer under section 1413(b) whenever the dairy producer purchases supplemental margin protection.
The term average feed cost means the average cost of feed used by a dairy operation to produce a hundredweight of milk, determined under section 1402 using the sum of the following: The product determined by multiplying 1.0728 by the price of corn per bushel. The product determined by multiplying 0.00735 by the price of soybean meal per ton. The product determined by multiplying 0.0137 by the price of alfalfa hay per ton. The term basic production history means the production history determined for a participating dairy producer under section 1413(a) for provision of basic margin protection.
The term consecutive two-month period refers to the two-month period consisting of the months of January and February, March and April, May and June, July and August, September and October, or November and December, respectively. Subject to subparagraph (B), the term dairy producer means an individual or entity that directly or indirectly (as determined by the Secretary)— shares in the risk of producing milk; and makes contributions (including land, labor, management, equipment, or capital) to the dairy operation of the individual or entity that are at least commensurate with the share of the individual or entity of the proceeds of the operation.
The Secretary shall determine additional ownership structures to be covered by the definition of dairy producer. The term handler means the initial individual or entity making payment to a dairy producer for milk produced in the United States and marketed for commercial use. The term includes a producer-handler when the producer satisfies the definition in subparagraph (A). The term margin protection program means the dairy producer margin protection program required by subpart A.
The term participating dairy producer means a dairy producer that— signs up under section 1412 to participate in the margin protection program under subpart A; and as a result, also participates in the stabilization program under subpart B. The term stabilization program means the dairy market stabilization program required by subpart B for all participating dairy producers. The term stabilization program base , with respect to a participating dairy producer, means the stabilization program base calculated for the producer under section 1431(b).
The term United States , in a geographical sense, means the 50 States, the District of Columbia, American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, the Virgin Islands of the United States, and any other territory or possession of the United States.